By now, if you live in the Richmond Metro Area, you have heard about one lucky woman who purchased a vase at a Richmond Goodwill for $3.99 and later sold it at auction for a whopping $100,000. Whether you have been a collector for years, are just starting, or hit the jackpot at Goodwill, art and collectibles (assets like paintings, prints, sculptures, watercolors, classic cars, antiques, wine etc.) are assets that could be included in your probate estate.

Estate planning art experts explain the options art owners have to dispose of their assets - selling, gifting, or donating art collections. If your art collection is meaningful, then the appropriate legacy-planning steps need to be taken to protect it for future generations. Our attorney, Jennifer Schooley, has extensive experience with art and collectibles and can help you plan.

The American College of Trust and Estate Counsel, ACTEC, is a professional society of peer-elected trust and estate lawyers in the United States and around the globe. This series offers professionals best practice advice, insights, and commentary on subjects that affect the profession and clients. Learn more in this podcast.